Allcargo buys majority share in Gati
Allcargo Logistics, an Indian integrated logistics solutions provider has made a foray into the express logistics market by acquiring a controlling stake in Gati. Through this transaction Allcargo has added another domestic service to its portfolio by entering a segment that has been growing exponentially. Gati has been offering simplified door-to-door express logistics services for the last 25 years.
The company has a wide-ranging customer base that comprises some of the top Indian industry players, e-commerce companies as well as SMEs. After this deal, Gati will be in a position to leverage Allcargo’s global network to provide time and cost efficient solutions to clients.
“The exponential rise in cross-border and domestic e-commerce has opened up new markets for traditional express players such as Gati. With Allcargo’s existing strength in the ocean transportation business and Gati’s expertise in land and air transportation, we are now in a unique position to offer our customers a suite of truly multimodal solutions,” stated Shashi Kiran Shetty, chairman, Allcargo Logistics. (mw)